Answer:
The activities that creates positive externalities among the options include:
- Late-night road construction begins on a new bridge. As a consequence, traffic is rerouted past your house while the construction takes place.
- You and your friends volunteer to plant wildflowers along the local highway.
Explanation:
Positive Externality occurs when the consumption or production of a good causes a benefit to a third party.
Take for instance, Government grants and subsidies to producers of goods and services that generate external benefits will reduce costs of production, and encourage more supply.
The positive externalities includes supply of merit goods such as healthcare, education, and social housing.
- Late-night road construction begins on a new bridge. As a consequence, traffic is rerouted past your house while the construction takes place. The positive externality here is easy access to transport.
- You and your friends volunteer to plant wildflowers along the local highway. This will cause your relationship with your friends to blossom and when the plants grow, it will purify the air and beautify the environment.
Answer:
d. market orientation
Explanation:
Market orientation -
It refers to the strategy , by which wants and needs of the consumers are considered before designing or manufacturing the goods and services , is referred to as market orientation .
The method is employed to attract more consumers and increase the sale of the goods and services , which increases the profit of the company .
Hence , from the given scenario of the question ,
The correct option is d. market orientation .
Answer:
Explanation:
a.
Debit:
Allowance for doubtful accounts- 2800
Credit:
Accounts Receivable- 2800
b.
Debit:
Bad Debt Expense- 23,800
Credit:
Allowance for Doubtful Accounts- 23,800
The creation of journal does not is not difficult, as it direct and easy to do without much explanation. I hope this information is helpful
Answer:
INCORRECT.
In income summary account, all revenue accounts are closed by debiting them and crediting the income summary account. expense accounts are closed by crediting them and debiting income summary account. then on closing income summary account it shows debit balance if there is a net loss and it shows credit balance if there is a net income.
In the given case clever auto services has debit balance of $5,300 i,e it implies that clever auto services has loss .
Therefore above statement is wrong. It implies a loss of $5300 not the net income of $5,300.
